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. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what we have now. kennedy's plan, enacted after his death, took the top marginal tax rate from 91% to 71% over a two-year period. lots of loopholes, but the growth argument, gdp rose by barely a percent during that time. isn't much when the economy was growing at a rate like china's, but the u.s. was at the time. they got a boost, but not much of one. ronald reagan's first big tax cut went into effect, and the economy did surge. economic growth went from 4.9% to north of 8%. year three, not so impressive. look at quarters, there were some drops. for perspective, today, the top marge call tax rate is 30%, not like are you at 70 or 90. can a r
. >> ronald reagan. >> now you're jack kennedy. >> ronald reagan. >> twitter was atwitter about that. that comment got a noticeable reaction from the group of undecided voters i watched during the debate last night. see it blown up there in the bottom of the screen. here is the problem, both kennedy and reagan working in a different time and place. to start, when both kennedy and reagan took office, individual tax rates not even in the ballpark of what we have now....
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. >> oh, now you are ronald reagan. >> now you are jack kennedy. >> this is a bunch of stuff. look, here is the deal -- >> what does that mean a bunch of stuff? >> simply inaccurate. >> it is is irish. >> and as for the first debate -- >> it is fair to say i was too polite. >> not an issue with these guys. >> it then turned into a sparring and it was very, very personal. >> personal and partisan. >> you have to be kidding me. >> and in fact, the congressional hearing on the attack in benghazi was downright testy. >> it was a terrorist attack on an asset in libya and never exposed. >> i certainly hope that today's hearing is not going to be received for political purposes only 24 days from the election. >> yeah, about the election, thele pos have been good to romney this week, and the contradictions, that is another story. >> there is no legislation with regards to abortion that i'm familiar with that would become part of my agenda. >> wow. here is old moderate, mitt. where you been, boy? i missed you all of these three days. >> a day later he clarified that. >> the fact is tha
. >> oh, now you are ronald reagan. >> now you are jack kennedy. >> this is a bunch of stuff. look, here is the deal -- >> what does that mean a bunch of stuff? >> simply inaccurate. >> it is is irish. >> and as for the first debate -- >> it is fair to say i was too polite. >> not an issue with these guys. >> it then turned into a sparring and it was very, very personal. >> personal and partisan. >> you have to be kidding...
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>> ronald reagan. >> now you're jack kennedy? >> and tax cuts and auto bailout and those are big issues that got really heated between joe biden and paul ryan at last night's vice presidential debate so i immediately thoughthe person i would have to call on this to fact check it would be christine romans and she was available. thank you. so here's the deal. it just stands to reason that they both seem to say something with such confirmation in their voices and it's hard to say how this can be different. >> it's politics, my friend. talk taxes because i keep hearing this 20% across the board tax cut and then i hear the counterclaim, you can't pay for that. the math doesn't work. >> you can't make the math work. >> we have looked into this and the tax policy center says you can't make the math work. paul ryan's claim that you can cut it 20% across the board and keep it intact all of the while keeping it neutral and it says given the information available that we have about their plans is just not possible to cut that tax as much as
>> ronald reagan. >> now you're jack kennedy? >> and tax cuts and auto bailout and those are big issues that got really heated between joe biden and paul ryan at last night's vice presidential debate so i immediately thoughthe person i would have to call on this to fact check it would be christine romans and she was available. thank you. so here's the deal. it just stands to reason that they both seem to say something with such confirmation in their voices and it's hard to say...
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. >>> it is a question posed by candidate ronald reagan. over three decades ago. >> are you better off than you were four years ago? >> and it's a message the candidates are still actually using today. >> the president has no record to run on. in fact, every president since the great depression who asked americans to send them into a second term could say that you are better off today than you were four years ago, except for jimmy carter and for president barack obama. >> if people think they're better off, i would say, well, take a look at the numbers when it comes to median household income, which is down every year for the last four years. >> the obama administration, however, is taking the other side. >> you want to know whether we're better off. i got a little bumper sticker for you. osama bin laden is dead and general motors is alive! >> bloomberg business week took a look at that very question in this week's election issue asking about the price of your food, the value of your home and your paycheck. staff writer took the question to
. >>> it is a question posed by candidate ronald reagan. over three decades ago. >> are you better off than you were four years ago? >> and it's a message the candidates are still actually using today. >> the president has no record to run on. in fact, every president since the great depression who asked americans to send them into a second term could say that you are better off today than you were four years ago, except for jimmy carter and for president barack...
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ronald reagan, six years during his tax reform we went from $600 billion to $1 trillion worth of revenue. that's a 67% increase. even george bush's tax cuts, in 2003, federal revenue was a little under $1.8 trillion. before the housing vote, $2.5 trillion. that's a 42% increase in revenue to the federal government. lowering marginal tax rates is incentivizing. >> i hear you on that. what people are taking exception to is without details, as a taxpayer, of what's on the table and what's off the table, it's a very easy way to throw out numbers without necessarily being having to be responsible for the math working out. i mean i thought martha raddatz did a very good job on this. she's sort of like you're not again going to give specifics. and chris wallace -- >> you are giving specifics as you're giving directions to congress. this is what ceos do. listen, as you design this, make sure that people making $200,000 will not have their tax burden lowered. but we're going to lower their marginal tax rate because that produces inseverives for them to create jobs. for people making less than $20
ronald reagan, six years during his tax reform we went from $600 billion to $1 trillion worth of revenue. that's a 67% increase. even george bush's tax cuts, in 2003, federal revenue was a little under $1.8 trillion. before the housing vote, $2.5 trillion. that's a 42% increase in revenue to the federal government. lowering marginal tax rates is incentivizing. >> i hear you on that. what people are taking exception to is without details, as a taxpayer, of what's on the table and what's...
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bush than to ronald reagan. in comparison, when you consider ronald reagan was actually willing to raise taxes and the spike in growth that you saw in the 1980s came after a big tax hike. what mitt romney is saying is, no, we can't make the wealthy pay more of their fair share. what we have to do is just cut taxes for everybody, cut tacks for corporations and by ing that by making sure that the people at the very top do better, somehow that will trickle down. what we know is that doesn't work. >> jim, on the campaign trail are you hearing a lot of chatter as well about the moderate mitt? we've heard bill clinton say, oh, the moderate mitt is back, oh -- it sort of comes off the president's post-debate thing about he is lying. that's not what he said. he has completely changed. a, has he completely changed, or have they, what we call putting emphasis on a different syllable? >> i put this to a romney aid viesor, and he pushed back on this. he said that the gvr is talking about bipartisanship more now that he has
bush than to ronald reagan. in comparison, when you consider ronald reagan was actually willing to raise taxes and the spike in growth that you saw in the 1980s came after a big tax hike. what mitt romney is saying is, no, we can't make the wealthy pay more of their fair share. what we have to do is just cut taxes for everybody, cut tacks for corporations and by ing that by making sure that the people at the very top do better, somehow that will trickle down. what we know is that doesn't work....
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ronald reagan -- >> now you're jack kennedy. >> a battle of minds. congressman ryan and vice president widen go head to head in the first and only vice presidential decade. we dig into the facts and fiction ahead. >> malarkey complaining, laughless, shirtless, just a few of the top search items on google during last night's debate. we have more on the debate coming up this hour. >> shirtless. >> shirtless what, could be better than that. >> welcome back to "early start." >> it's friday, october 12th. there was plenty of passion and paul ryan and joe biden each got in a zinger or two but no knockout last nighin the vice presidential debate. nobody had a bad night and nobody was too polite, that's to be sure. joe biden was the aggressor and paul ryan looking like the calm, collected counterpuncher. >> and here's how america scored it. a cnn orc poll taken right after the debate showed 48% of the voters who watched thought ryan won and 44% favored pieden. that's a statistical tie. senior congressional correspondent dana bash is live from danville, kentu
ronald reagan -- >> now you're jack kennedy. >> a battle of minds. congressman ryan and vice president widen go head to head in the first and only vice presidential decade. we dig into the facts and fiction ahead. >> malarkey complaining, laughless, shirtless, just a few of the top search items on google during last night's debate. we have more on the debate coming up this hour. >> shirtless. >> shirtless what, could be better than that. >> welcome back to...
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. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower taxes 20%. 1.1 million in loopholes and deductions. deny those loopholes and deductions to higher-income taxpayers so more income is taxed, which has a broader base of taxation. and here is why i'm saying this. what we're saying -- >> i hope i get time to respond to this? >> you will get time. >> we want to work with congress, that means specifically. >> no specific. >> what we're saying is lower tax rates 20%. >> and you guarantee this math will add up. >> six studies have guaranteed and said this math adds up. >> let me translate. >> i'll come back in a second, right? >> i was there when ronald reagan you gave tax rates, he gave specifics of what he would cut in terms of taxan expenditures. 90% of small businesses in america make less than 250,000. let me tell you who other small businesses are. hedge funds, that make $600, $800 million a year. that will count as small b
. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower taxes 20%. 1.1 million in loopholes and deductions. deny those loopholes and deductions to higher-income taxpayers so more income is taxed, which has a broader base of taxation. and here is why i'm saying this. what we're saying -- >> i hope i get time to respond to this? >> you will get time. >> we want to...
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romney, obama aides say, is no ronald reagan, more like chevy chase. combatting that image, romney met with a group of retired generals after a speech. the romney approach would be both more muscular and bipartisan. >> if you look at harry truman and john kennedy and the use of power by bill clinton in his second term, that is a much different approach than jimmy carter and barack obama. >> reporter: to put his vision into action, romney will have to win first, which explains why he made an impromptu stop at a nearby elementary school. at this stage of the race, the pictures matter almost as much as the policies. romney did mention the obama campaign's trump card on foreign policy, the killing of osama bin laden, but he seemed to give the credit to what he called, quote, military and intelligence professionals. romney will now shift back to the economy with campaign events coming up here in virginia and also in iowa and ohio. wolf? >> jim acosta, thank you. let's go back to gloria borger. what was mitt romney trying to accomplish with this marriage for
romney, obama aides say, is no ronald reagan, more like chevy chase. combatting that image, romney met with a group of retired generals after a speech. the romney approach would be both more muscular and bipartisan. >> if you look at harry truman and john kennedy and the use of power by bill clinton in his second term, that is a much different approach than jimmy carter and barack obama. >> reporter: to put his vision into action, romney will have to win first, which explains why he...
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that was ronald reagan, who won the election with a rate of 7.4%. so, the question is, can mr. obama win one like the giper or is the number still bad enough to doom his hopes? well, cue mitt romney. that's what happened today. his team is furiously pointing out how many people are underemployed. last month's household survey found 582,000 of the jobs created involved part time workers who wanted to be full time. plus, no one should forget all the people who have stopped looking for work. romney says this new number or not is not what a recovery looks like. >> the truth is, if the same share of people were participating in the workforce, today is on the day the president got elected, our unemployment rate would be around 11%. >> "outfront" tonight, ali velshi, ethan and a former staff member for president obama's national commission on fiscal responsibility and reform, daniel mitchell, senior fellow at the cato institut alan, the numbers sound good. are they? >> i don't care. i'm going to go one further than erin. not only does the absolute number of the unemployment percentage
that was ronald reagan, who won the election with a rate of 7.4%. so, the question is, can mr. obama win one like the giper or is the number still bad enough to doom his hopes? well, cue mitt romney. that's what happened today. his team is furiously pointing out how many people are underemployed. last month's household survey found 582,000 of the jobs created involved part time workers who wanted to be full time. plus, no one should forget all the people who have stopped looking for work....
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. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're sayg is s >>et to lower tax rates across the board. here's why i'm saying this. >> i hope i'm getting a timed response. >> you'll get time. >> we want to work with congress on how best to achieve this. that means successful -- >> no specifics, again. >> what we're saying is lower tax rates 20%. start with the wealthy. work with congress. >> can you guarantee this math will add up? >> absolutely. >> six study advisory guaranteed. six study advisory verified this math adds up. >> vice president biden. vice president biden. >> let me translate. let me have a chance to translate. >> i'll come back in a second then, right? >> i was there when ronald reagan -- he gave specifics to what he was going to cut, number one, in terms of tax expendit
. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're sayg is s >>et to lower tax rates across the board. here's why i'm saying this. >> i hope i'm getting a timed response. >> you'll get time. >> we want to work with...
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>> ronald reagan. so, actually, i have a photograph of my grandfather, my father, my brother and myself all voting together at the same time, so -- >> it's a family tradition. so, you take this seriously. >> it was always a, you know, a big deal in our family. >> you voted for president obama last time around. what are the final considerations? >> issues around the federal government spending, how it affects our business. so, it is my life blood. and my future. >> dyer's business partner is -- she knows just how devastating these cuts could be to loudoun. >> the dysfunctional process that brought us to the brink of this problem, which is going to be as serious a problem for our region as the fallout of the car industry was to detroit. it will be small businesses like ours that are going to be hit the most. it's projected 2 million jobs will be lost, half of which will be from small companies will be hit earliest and hardest. it's going to be very unfortunate. >> she sees this as a symptom of the dysfun
>> ronald reagan. so, actually, i have a photograph of my grandfather, my father, my brother and myself all voting together at the same time, so -- >> it's a family tradition. so, you take this seriously. >> it was always a, you know, a big deal in our family. >> you voted for president obama last time around. what are the final considerations? >> issues around the federal government spending, how it affects our business. so, it is my life blood. and my future....
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. >> ronald reagan. >> twitter was all a twitter about that. the line generated 275 tweets a minute. kind of crazy. there's a noticeable reaction from the group of virginia undecided voters that i watched during the debate. you can see it blown up there at the bottom of the screen. but here's the problem. both kennedy and reagan were working in a different time and place, so to start with, when both kennedy and reagan took office, individual tax rates were not even in the ballpark of what we're dealing with now. they make france like like a low tax regime. kennedy's plan took the rate to 70% over a two-year period. lots of loopholes, but the growth argument, gdp rose during that time, but wasn't much when the economy was growing at a rate like china's, so they got a boost, but not much. as for reagan, his first big tax cut went into effect in 1981 and reduced the rate to 50%. over the first two years, the economy did surge. that's impressive. year three though, not so impressive. today, the top marginal tax rate is at 30%. not like you're at 70
. >> ronald reagan. >> twitter was all a twitter about that. the line generated 275 tweets a minute. kind of crazy. there's a noticeable reaction from the group of virginia undecided voters that i watched during the debate. you can see it blown up there at the bottom of the screen. but here's the problem. both kennedy and reagan were working in a different time and place, so to start with, when both kennedy and reagan took office, individual tax rates were not even in the ballpark...
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. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. and they worked together to fix that. what we're saying is, here's our framework, lower taxerates about 20%. we forego about 1.1 trillion in loopholes and deductions. whoa we're saying is deny those loopholes and deductions to higher income taxpayers to more of their income is taxed. so we can lower tax rates across the board. here's why i'm saying this. >> i hope i'm going to get time to respond to this one. >> you'll get time. >> we want to work with congress on how to achieve this. >> no specifics? >> lower tax rates 20%. start with the wealthy. work with congress to do it. >> you guarantee this math will add up? >> six studies have guaranteed. six study have verified this math adds up. >> let me have a chance to translate. i was there when ronald reagan gave specifics on what he would cut. number two, 97% of small businesses in america make less than $250,000. let me tell you who some of the small businesses are. hedge
. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. and they worked together to fix that. what we're saying is, here's our framework, lower taxerates about 20%. we forego about 1.1 trillion in loopholes and deductions. whoa we're saying is deny those loopholes and deductions to higher income taxpayers to more of their income is taxed. so we can lower tax rates across the board. here's why i'm saying this. >> i hope i'm...
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reagan when he blew his first debate against walter mondale. this happened back in 1984. he seemed confused. some people, you know, thought elderly and confused. he really came back with -- in the second debate. here's what he said. >> and i want you to know that also i will not make age an issue of this campaign. i am not going to exploit for political purposes my opponent's youth and inexperience. >> ron, does biden need to throw one of those at ryan there? i mean, these guys are not the same age. >> game, set, match in 1984. no, it's interesting. this is the widest age gap we've had in a vice presidential debate. on the other hand, what's interesting, suzanne, you know, they both are sort of unusually early starting politicians. biden was elected to the senate at 29. paul ryan to the house at 28. they both kind of made their way in washington, but i think the contrast between them will be enormous. joe biden can't reverse this race by himself. the race has changed, i think, fundamentally. you had a slice of voters that were dissatisfied with
reagan when he blew his first debate against walter mondale. this happened back in 1984. he seemed confused. some people, you know, thought elderly and confused. he really came back with -- in the second debate. here's what he said. >> and i want you to know that also i will not make age an issue of this campaign. i am not going to exploit for political purposes my opponent's youth and inexperience. >> ron, does biden need to throw one of those at ryan there? i mean, these guys are...
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ann romney in this case, michelle obama and president obama and nancy reagan, ronald reagan. at the same time, you know, are we finding that ann romney is taking on kind of a greater role in helping to shape the image of her husband? apparently and reportedly she and one of their sons actually had like a real heart to heart with mitt romney and said there's got to be more of you that comes out. you've got to make this more personal. >> i know there was a story there, you but that is one of the things that -- a role that a campaign spouse plays is the sense to be the truth teller. a spouse can't get fired. they're not going anywhere. i think that's what they and sons and daughters do in campaigns and that's why they become very available. they are there because people can go to them. in terms of mrs. romney's role, she's been around. she's been the first lady of massachusetts. she -- you know, she has been involved in the campaign since day one. she probably has good insights on how to her husband a more notable to the american people. >> during the convention, we saw that she
ann romney in this case, michelle obama and president obama and nancy reagan, ronald reagan. at the same time, you know, are we finding that ann romney is taking on kind of a greater role in helping to shape the image of her husband? apparently and reportedly she and one of their sons actually had like a real heart to heart with mitt romney and said there's got to be more of you that comes out. you've got to make this more personal. >> i know there was a story there, you but that is one...
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they also threw ronald reagan in there. but it was interesting to note the foreign policy team for mitt romney talking about democratic presidents after that debate performance last week when a lot of pundits on the right and the left were sensing that mitt romney was moving to the middle on domestic policy. we might hear some of that on foreign policy later on today, soledad. >> interesting point. jim acosta for us this morning, thank you, jim. >>> a recent poll shows president obama has a seven percentage point lead over mitt romney when it comes to who would handle foreign policy better. let's get to richard williamson, former ambassador to the united nations for special political affairs. mitt romney's senior foreign policy adviser. nice to see you, sir. thank you for talking with us. let's focus on some -- actually what jim acosta just said. let's talk about tha first. as you heard there was a phone call with some of the foreign policy advisers. and when they listed sort of the foreign policy that maybe mitt romney wou
they also threw ronald reagan in there. but it was interesting to note the foreign policy team for mitt romney talking about democratic presidents after that debate performance last week when a lot of pundits on the right and the left were sensing that mitt romney was moving to the middle on domestic policy. we might hear some of that on foreign policy later on today, soledad. >> interesting point. jim acosta for us this morning, thank you, jim. >>> a recent poll shows president...
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look, you have a conservative that many say is the heir to ronald reagan and jack kemp. you have a progressive vice president who the democrats and liberals are looking for passion. let's be honest, you also have two people who could factor into 2016 presidential calculations. if mitt romney loses, paul ryan is an early front-runner for republicans. if barack obama wins, joe biden is telling people yes, i might be getting up there in age, but i feel great. i might run. >> let's talk about joe biden for a minute. remember last time they said you don't want to come off as condescending to sarah palin or even sexist. does the same thing aplay here? obviously not the sexist part, but condescending to someone younger than him for a paul ryan who seems to be new? does that challenge exist in this particular debate? >> reporter: well, i think that challenge exists in every debate. certainly it was different to have, you know, you're having a man debating a woman. that's a different calculation. but you don't want to be smug in any debate. it was interesting, you know, a lot of
look, you have a conservative that many say is the heir to ronald reagan and jack kemp. you have a progressive vice president who the democrats and liberals are looking for passion. let's be honest, you also have two people who could factor into 2016 presidential calculations. if mitt romney loses, paul ryan is an early front-runner for republicans. if barack obama wins, joe biden is telling people yes, i might be getting up there in age, but i feel great. i might run. >> let's talk about...